USD/JPY edges higher after US jobless claims data

By FXStreet USD/JPY edged a few pips higher but overall remained little changed following the release of better-than-expected US jobless claims data.

Initial claims for unemployment benefits in the US fell by 16,000 to a seasonally adjusted 269,000 in the week ended Feb 5, below the 281,000 expected and marking the lowest number of claims since mid-December.

USD/JPY climbed a few pips to the 112.60 zone, but the reaction was quite modest compared to wilder moves witnessed earlier. At time of writing, the pair is trading at 112.62, still 0.64% below its opening price.

Earlier on the day, USD/JPY had jumped more than 200 pips in a matter of minutes in what it was rumored to be a BoJ intervention as the pair hit a 15-month low sub-111.00.
For more information, read our latest forex news. …read more

Source:: FX Street